AU Consumer Price Index (YoY)

Location: Australia

Date: 27/01/2015

Time: 00:30

Strength: 3/3

Previous: 2.3%

Notes: The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or Bearish).

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AU Consumer Price Index (QoQ)

Location: Australia

Date: 27/01/2015

Time: 00:30

Strength: 2/3

Previous: 0.5%

Notes: The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or Bearish).

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UK Gross Domestic Product (QoQ)

Location: United Kingdom

Date: 27/01/2015

Time: 09:30

Strength: 3/3

Previous: 0.7%

Notes: The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

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JP Labor Cash Earnings (YoY)

Location: Japan

Date: 26/01/2015

Time: 01:30

Strength: 2/3

Previous: 0.5%

Notes: Indicator released by the Ministry of Health, Labour and Welfare, shows the average income, before taxes, per regular employee. It includes overtime pay and bonuses but it doesn't take into account earnings from holding financial assets nor capital gains. Higher income puts upward pressures over consumption, therefore an increasing trend in earnings is inflationary for the Japanese economy. A higher than expected reading is bullish for the yen, while below the market consensus the result is bearish.

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EMU ECB Interest Rate Decision

Location: European Monetary Union

Date: 22/01/2015

Time: 12:45

Strength: 3/3

Previous: 0.05%

Notes: ECB Interest Rate Decision is announced by the European central Bank. Usually, if the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.Review Alex Nekritin's Article - Trading the Euro with the ECB Rate Decision

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NZ Business NZ PMI

Location: New Zealand

Date: 21/01/2015

Time: 21:30

Strength: 2/3

Previous: 55.2

Notes: The Business NZ PMI released by the Business NZ presents business conditions in New Zealand. The Business PMI is an important indicator of the overall economic condition. A result that values above 50 signals appreciates (or is bullish for ) the NZD,

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The fallout from last week's shock decision by the Swiss National Bank's (SNB) decision to abandon the franc's euro peg continues. 

UK Interdealer broker IG Groupconfirmed it had lost £30 million after the currency shot up by as much as 41% on 15 January following the removal of the peg. 

In a statement to the stockmarket, IG said the loss was split by £12 million of market exposure and £18 million of client exposure, which was held by 327 clients. 

Chief executive Tim Howkins said: 'While this [loss] was due to an unprecedented and unforeseeable degree of movement in a major global currency and only a few hundred clients were affected, we will seek to learn lessons from this incident which we can incorporate into our risk management approach going forward.' 

At the Swiss epicentre private bank Lombard Odier said it will effectively start charging people to hold cash by employing negative interest rates on balances of CHF100,000. This will accommodate the SNB's decision to cut in rates from -0.25% to -0.75%, which accompanied the franc announcement. 

'The resulting negative rate will represent the cost of ensuring maximum liquidity and security at a time of heightened market volatility,' the bank told the Financial Times.

Meanwhile Credit Suisse said it was unclear what total impact the peg removal would have on profit, saying this would be dependent on where the franc goes from here, while private bank EFG said earnings would be hit by 10%. 

There had also been concern over Europe's largest retail forex trader, Saxo Bank, until it said earlier this week it was able to meet regulatory capital requirements. However, it indicated a number of clients had 'insufficient margin collateral' to cover their franc losses, which will result in some shortfall for the bank. 

Meanwhile UBS downgraded its rating on Swiss stocks from overweight to neutral, warning the country's equities were facing profit falls of between 5 and 7% following the rapid appreciation of the franc. 

The shock has already claimed the life of hedge $830 million Miami-based hedge fund Everest Capital, while UK-based forex trader Alpari has hired KPMG to find a buyer after suffering huge losses. 

Alpari's US counterpart FXCM crashed by 90% on the day the peg was removed and needed a $300 million capital injection from parent Leucadia to survive.    

Aite Group wealth management senior analyst Javier Paz indicated there could be many more casualties, saying the full impact of the decision could take months to unravel. He likened the scenario to a nuclear explosion. 

In an email seen by Bloomberg Paz said: '[The removal of the peg] is closer to a nuclear explosion than a 1,000-kilogram conventional bond…The aftermath is like a black hole that can suck massive amounts of credit from currency trading as we have known it.' 

Paz was also quoted in the Financial Times, where he suggested regulators may need to be stricter in the way they police the forex market. 'The retailer brokers are a huge part of what makes  the markets go round in London but they can't be let loose indiscriminately,' he said. 

'The UK regulator will have to err on the side of caution. The reputation of the City is at stake.'

NZ Consumer Price Index (QoQ)

Location: New Zealand

Date: 20/01/2015

Time: 21:45

Strength: 2/3

Previous: 0.3%

Notes: Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

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NZ Consumer Price Index (YoY)

Location: New Zealand

Date: 20/01/2015

Time: 21:45

Strength: 3/3

Previous: 1%

Notes: Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

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CN Industrial Production (YoY)

Location: China

Date: 19/01/2015

Time: 05:30

Strength: 2/3

Previous: 7.2%

Notes: Industrial Production is released by the National Bureau of Statistics of China. It shows the volume of production of Chinese Industries such as factories and manufacturing facilities. A surge in output is regarded as inflationary which would prompt the People���s Bank of China would tighten monetary policy and fiscal policy risk. Generally speaking, if high industrial production growth comes out, this may generate a positive sentiment (or bullish) for the CNY, whereas a low reading is seen as negative (or Bearish) for the CNY.

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CN Retail Sales (YoY)

Location: China

Date: 19/01/2015

Time: 05:30

Strength: 2/3

Previous: 11.7%

Notes: The Retail Sales report released by the National Bureau of Statistics of China measures the total receipts of the retailed consumer goods. It reflects the total consumer goods that the various industries supply to the households and social groups through various channels. It is an important indicator to study the changes in the Chinese retail market and reflecting the degree of economic prosperity. In general, A high reading is seen as positive (or bullish) CNY, while a low reading is seen as negative (or bearish) for the CNY.

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CN NBS Press Conference

Location: China

Date: 19/01/2015

Time: 02:00

Strength: 2/3

Previous:

Notes: As an agency directly under the State Council, the National Bureau of Statistics is in charge of statistics and economic accounting in China.

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CN Gross Domestic Product (QoQ)

Location: China

Date: 19/01/2015

Time: 02:00

Strength: 3/3

Previous: 1.9%

Notes: The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative ( or Bearish).

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CN Gross Domestic Product (YoY)

Location: China

Date: 19/01/2015

Time: 02:00

Strength: 3/3

Previous: 7.3%

Notes: The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).

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US Net Long-Term TIC Flows

Location: United States

Date: 16/01/2015

Time: 21:00

Strength: 2/3

Previous:

Notes: The Net Long-Term TIC Flows is released by the US Department of Treasury. TIC stands for Treasury International Capital. It shows in and out flows of financial resources in the United States. The TIC flows is one of the major events in the market, as it is seen by most participants as the Government resource for offsetting the current Trade Deficit. Generally speaking, a high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).

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